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Australia Central Bank Holds Rates Unchanged at 3.5%

Tuesday, 3 Jul 2012 | 4:20 AM ET

"Our view is very much that while China may have a little bit of a slowdown that may actually be a good thing because it means it is long-term but more sustainable growth, we are very tired in through our resources sector but we expect the China story to remain quite firm," Nicki Hutley, director of economics at KPMG, told CNBC.